Runner-up: Vneshtorgbank MBS
Russia's involvement in the international capital markets took another step forward in July with the launch of the first ever mortgage-backed securitisation (MBS) from the country for state-owned goliath Vneshtorgbank (VTB). The Barclays Capital and HSBC-helmed deal raised just $88.3 million - a tiny amount by MBS standards - but it could herald a wave of mortgage securitisations from the country.
The issue was backed by dollar mortgages from Moscow and St Petersburg. It was divided into three
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